Saturday, June 25, 2022
HomeBusinessEconomyPresident Powell's Welcome Statements at the 2022 Reservations Economics Summit

President Powell’s Welcome Statements at the 2022 Reservations Economics Summit

Accessible Keys for Video

[Space Bar] toggles play/pause;

[Right/Left Arrows] seeks video forward and backward (5 sec);

[Up/Down Arrows] increase/decrease volume;

[M] toggles silent on/off;

[F] toggles full screen (Except IE 11);

This [Tab] Can be used with the key. [Enter/Return] Press to navigate and enable control buttons such as subtitle on/off.

Good morning and welcome. We are delighted to invite all participants to RES 2022.

The National Center for Native American Enterprise Development has been a strong and consistent partner of the Federal Reserve, collaborating with us on small business COVID surveys, serving on the Minneapolis Fed’s Leadership Council for the India Country Development Center, and directing our policy webinar series. tribal institutional diversification, just to name a few.

Trust is earned and developed through relationships. This is especially important in India Country. The Federal Reserve has established a lasting and solid bond with the National Center, and we value this partnership.

We are excited to attend this year’s conference, to learn with you. There is more research and engagement to be done on the specific and unique economic needs of tribal nations and Indigenous communities. RES 2022 is a great meeting place for this type of collaboration.

The best insight and analysis comes from people who live and work in communities and have an insider view of the struggles and opportunities within them. The Federal Reserve System has made it a priority to engage with leaders and stakeholders on the opportunities most relevant to the economic well-being of the tribes. For example, input from tribal stakeholders was invaluable in informing the important work in modernizing the Community Reinvestment Act, included in the recently released proposal, which we look forward to receiving comments on. We also value the increased representation of tribal voices on our boards of directors and advisory councils at the Reserve Banks, helping us better understand the economic conditions in the Country of India.

Many of you are aware of the Indian Country Development Center (CICD), our national institute dedicated to helping tribes reach their full economic potential. We are excited to expand the capacity to conduct economic research and data analysis to support the long-term economic well-being of the Country of India in partnership with the Nation of India. We look forward to the CICD’s continued collaboration with tribal communities on research and data.

Additionally, the first St. St. with Osage Nation to provide financial education to young people. Louis Fed partnership has led to partnerships with tribal governments across the country, often providing personal finance education in their native language. Tribal leaders across the country also attended final listening sessions to discuss the effects of inflation. Similar sessions were held at our pandemic response facilities, which were adapted after listening to their input.

Access to credit initiatives between the Nation of India and other Federal Reserve partnerships; Indigenous community development financial institutions; financial education programs suitable for early childhood, secondary and higher education; workforce development; Housing; social services; and old programs.

And as part of our ongoing effort to deepen our understanding of tribal economies, last year the Federal Reserve Board announced that we, along with the Reserve Bank of New Zealand, the Bank of Canada and the Central Bank, have joined the Inclusion Central Bank Network. Australian Reserve Bank. This is part of our commitment to expand our international partnerships with central banks that invest in learning best practices and supporting Indigenous people and communities alike.

The Federal Reserve works for all of us, and our research and analysis should reflect the specific needs and circumstances of all of our communities. I am grateful for our partnership with the National Center for Native American Enterprise Development and would like to thank you, as well as all of our colleagues, advisors and stakeholders who have helped us work towards a stable and inclusive economy for all.

Thank you.

Do NOT follow this link or you will be banned from the site!